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    Odyssea Marine doubles fleet with the acquisition of AMT Marine

    News // October 5, 2006

    Odyssea Marine in the US has announced the purchase of five offshore supply vessels from AMT Marine Inc in Larose , Louisana.

    The five vessels range in length from 150ft to 200ft, are all DP1 classed and includeDarwin John, Andi N Martin, A AMartin, Taylor R Martin and Mary Martin, a Bollinger built OSV delivered in August 2006.

    The vessels operate in the Gulf of Mexico supplying cargo to major and independent oil companies, marine construction firms, as well as support drilling operations.

    With the recent purchase of the Lytal Enterprises fleet (consisting of six offshore supply vessels) in February of this year, the Odyssea OSV Division is now one of the youngest fleets in the Gulf of Mexico.

    Said the company: "The advanced technology onboard these vessels are cutting edge and will be servicing and providing solutions for the oil and gas industry for many years to come. These acquisitions will also strategically position the company for future growth. AMT Marinehas served the offshore energy industry for over a decade by supplying marine transportation, production, construction, diving, stand-by and other vital functions."

    Andy Martin, Founder and President of AMT Marine,will assume operational responsibility for Odyssea Marine's OSV Division.

    Aaron Thomas , Chief Executive Officer of Odyssea Marine, said: "Our strategy behind the acquisition of the AMT fleet is to expand the capabilities of our Offshore Supply Vessel Division and appeal to an increased client base.

    Odyssea Marine is structured into two primary operating divisions. The North Bank Towing Division based in Berwick operates 22 traditional offshore tug, anchor handling and towing supply vessels. The OSV Division based in Larose , Louisiana operates 11 offshore supply vessels.

    Chuck Denning, Chairman of Berwick-based Odyssea Marine, said: "This is an important time for our company and we are pleased to have the AMT group with us. We will be a stronger company due to this acquisition.

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